City Of Angels School - Independent Study-Los …...City of Angeles School Independent Study-Los...

City of Angeles School Independent Study-Los Angeles Unified School District

INSTRUCTIONAL GUIDE – ECONOMICS – Course # 370905

COURSE DESCRIPTION

The major purpose of this course is to provide a comprehensive study of the basic institutions, concepts, principles, and practices of economics. Instruction covers basic economic concepts that underlie the United States market system and its operations. Instructional units apply these concepts at both the micro and macro levels; promote informed voter and consumer decision making; provide information about major economic theories and prominent economists; and emphasize how economics influences the lives of ordinary citizens. In addition the course investigates the complex political and economic issues confronting national, state, and local governments. The course also includes an analysis of the American free enterprise system through a study of comparative economics. Included is instruction on the international dimensions of economics and the “global” economy. Throughout this course, measurement concepts and methods involving tables, charts, graphs, ratios, percentages, and index numbers are introduced to understand the relationship between economic variables, thus adding to the student’s mastery of economic thought and method. COURSE OUTLINE

Each unit of study is based on Enduring Understandings which statements are summarizing important ideas and core processes that are central to the course and have lasting value beyond the classroom. They synthesize what students should understand—not just know or do—as a result of studying a particular content area and provide a conceptual foundation for study. In addition, each unit of study has an Essential Question(s), which the student should be able to discuss in detail with their teacher at the weekly appointment. This question ties together the major concepts of the unit.

COURSE OBJECTIVES At the end of the course students should be able to:

▪ Evaluate the impact of the Free Enterprise System on the development of the United States. ▪ Evaluate how geographical factors affect competition and market structure in a capitalist economic system. ▪ Apply economic concepts, relationships, data and analysis, and cost-benefit to contemporary and historical issues. ▪ Compare and contrast a market, traditional, and command economy in addressing the basic economic questions. ▪ Apply the principles of American civic values and citizen rights and responsibilities to reach an informed decision on

economic issues. TEXT AND WEB RESOURCES

This course utilizes HMH Social Studies Economics, (Houghton Mifflin Harcourt Publishing Company, 2018). A companion

website for the textbook may be found by going to www.cityofangelsschool.org. Online activities as well as online quizzes

may be found here. In addition, various web resources may be incorporated, particularly PBS Learning Media, which can be accessed at http://ca.pbslearningmedia.org. See your teacher for instructions on how to access these sites. Your teacher may assign the Reading Essentials and Study Guide to supplement the textbook. In addition, he/she may use the Essential Question(s) as a formal written assignment. You may use the attached guide at the end of this instructional guide to help you with your formal written assignments. PREPARE FOR YOUR WEEKLY APPOINTMENT: Be ready to discuss the Essential Question(s) for the unit. This is located at the top of this page. You may want to jot notes down using the note-taking guide provided at the back of this packet. ASSIGNMENTS IF USING THE READING ESSENTIALS AND STUDY GUIDE:

o Read all the same Chapter Sections as above for each chapter o Complete all “Study Guide” sections for all chapters (pp. 169-202) o Complete the Self-Check Quiz (See “Economics Online”) for all chapters as directed on pp. 488, 516, and 540.

http://www.cityofangelsschool.org/

http://ca.pbslearningmedia.org/

Instructional Guide – ECONOMICS

Revised 5/22/2018 www.cityofangelsschool.org 2 | P a g e

ASSIGNMENTS FOR WEEK #1: Unit 1: Economics and Choices Enduring Understanding: Society has unlimited wants in comparison to limited global resources, and each society determines the best way to allocate resources, using an assessment of value and cost. Essential Question(s): Why is scarcity called the basic economic problem? Why is the traditional economic system inefficient in its allocation of resources and production of goods?

Due: ___/___/___ Rec’d: ___/___/___ Evaluation: _________ Comments: _________________________________________

Day 1: The Economic Way of Thinking

o Read “Concept Review”, “Chapter 1 Key Concept” and “Why The Concept Matters” on page 3. o Read “Objectives” and “Key Terms” on pages 4, 12, 18 and 24. o Read Chapter 1, sections 1-4, pages 4-30 and complete the following:

1. “Taking Notes” on page 4. 2. “Taking Notes” on page 12. 3. “Taking Notes” on page 18. 4. “Taking Notes” on page 24.

Day 2: Economic Systems o Read “Concept Review”, “Chapter 2 Key Concept” and “Why The Concept Matters” on page 37. o Read “Objectives” and “Key Terms” on pages 38 and 42. o Read Chapter 2, sections 1 and 2, pages 38-46 and complete the following:

1. “Taking Notes” on page 38. 2. “Taking Notes” on page 42.

Day 3: Economic Systems o Read “Objectives” and “Key Terms” on pages 48 and 58. o Read Chapter 2, sections 3 and 4, pages 48-62 and complete the following:


Day 4: The American Free Enterprise System o Read “Concept Review”, “Chapter 3 Key Concept” and “Why The Concept Matters” on page 69. o Read “Objectives” and “Key Terms” on pages 70, 78 and 84. o Read Chapter 3, sections 1-3, pages 70-90 and complete the following:

1. “Taking Notes” on page 70. 2. “Taking Notes” on page 78. 3. “Taking Notes” on page 84.

Day 5: Review

1. Answer all “Reviewing Key Concepts”, “Applying Economic Concepts” and Critical Thinking” questions on pages 34-35.





ASSIGNMENTS FOR WEEKS #2 and #3: Unit 2: Market Economies at Work Enduring Understandings: Market change in response to multiple factors. Essential Question(s): What forces lead to changes in supply and demand? Why do market supply schedules and curves follow the same pattern as individual supply schedules and curves?


Days 1 & 2: Demand o Read “Concept Review”, “Chapter 4 Key Concept” and “Why The Concept Matters” on page 97. o Read “Objectives” and “Key Terms” on pages 98, 106, and 116. o Read Chapter 4, sections 1-3, pages 98-122 and complete the following:


Days 3 & 4: Supply o Read “Concept Review”, “Chapter 5 Key Concept” and “Why The Concept Matters” on page 129. o Read “Objectives” and “Key Terms” on pages 130, 138, 146 and 154. o Read Chapter 5, sections 1-4, pages 130-156 and complete the following:


Days 5 & 6: Demand, Supply and Prices o Read “Concept Review”, “Chapter 6 Key Concept” and “Why The Concept Matters” on page 163. o Read “Objectives” and “Key Terms” on pages 164, 174 and 180. o Read Chapter 6, sections 1-3, pages 164-184 and complete the following:


Days 7 & 8: Market Structures o Read “Concept Review”, “Chapter 7 Key Concept” and “Why The Concept Matters” on page 191. o Read “Objectives” and “Key Terms” on pages 192, 198, 206 and 214. o Read Chapter 7, sections 1-4, pages 192-218 and complete the following:


Days 9 & 10: Review (CA History Standards: See Days 1-4 above.)







ASSIGNMENTS FOR WEEK #4: Unit 3: Partners in the American Economy

Enduring Understanding: Government spending and consumption impacts the economy as a whole. Essential Question(s): What are the types of business structures and what are the advantages and disadvantages of each? Explain the role of labor in the economy in the past, present and future.


Day 1: Types of Business Organizations

o Read “Concept Review”, “Chapter 8 Key Concept” and “Why The Concept Matters” on page 225. o Read “Objectives” and “Key Terms” on pages 226 and 232. o Read Chapter 8, sections 1 and 2, pages 226-236 and complete the following:


Day 2: Types of Business Organizations

o Read “Objectives” and “Key Terms” on pages 238 and 248. o Read Chapter 8, sections 3 and 4, pages 238-250 and complete the following:


Day 3: The Role of Labor o Read “Concept Review”, “Chapter 9 Key Concept” and “Why The Concept Matters” on page 257. o Read “Objectives” and “Key Terms” on pages 258 and 266. o Read Chapter 9, sections 1 and 2, pages 258-272 and complete the following:


Day 4: The Role of Labor o Read “Objectives” and “Key Terms” on pages 274. o Read Chapter 9, section 3, pages 274-280 and complete the following:

1. “Taking Notes” on page 274.

Day 5: Review (CA History Standards: See Days 1-4 above.)





ASSIGNMENTS FOR WEEK #5: Unit 4: Money, Banking and Finance Enduring Understanding: Financial systems evolve in market economies to help individuals and groups accomplish their goals and serve as a machine for the investment and redistribution of funds. Essential Question(s): Describe how money and banking help the market economy work more efficiently. Explain how the financial system helps transfer funds between savers and investors.


Day 1: Money and Banking



Day 2: Money and Banking

o Read “Objectives” and “Key Terms” on pages 304. o Read Chapter 10, section 3, pages 304-310 and complete the following:


Day 3: Financial Markets o Read “Concept Review”, “Chapter 11 Key Concept” and “Why The Concept Matters” on page 317. o Read “Objectives” and “Key Terms” on pages 318 and 324. o Read Chapter 11, sections 1 and 2, pages 318-328 and complete the following:


Day 4: Financial Markets o Read “Objectives” and “Key Terms” on pages 330 and 338. o Read Chapter 11, sections 3 and 4, pages 330-342 and complete the following:







ASSIGNMENTS FOR WEEK #6: Unit 5: Measuring and Monitoring Economic Performance Enduring Understanding: Economic growth, inflation and unemployment are key components in measuring economic activity. Essential Question(s): Explain national income accounting and patterns of growth and contraction in the economy. Explain some of the challenges facing the economy, their causes, and possible solutions.


Day 1: Economic Indicators and Measurements



Day 2: Economic Indicators and Measurements

o Read “Objectives” and “Key Terms” on pages 368. o Read Chapter 12, section 3, pages 368-374 and complete the following:


Day 3: Facing Economic Challenges o Read “Concept Review”, “Chapter 13 Key Concept” and “Why The Concept Matters” on page 381. o Read “Objectives” and “Key Terms” on pages 382 and 388. o Read Chapter 13, sections 1 and 2, pages 382-394 and complete the following:


Day 4: Facing Economic Challenges o Read “Objectives” and “Key Terms” on pages 396. o Read Chapter 13, section 3, pages 396-402 and complete the following:







ASSIGNMENTS FOR WEEK #7: Unit 6: The Role of Government in the Economy Enduring Understanding: Monetary policies can promote price stability, employment, and economic growth. Essential Question(s): Describe how government uses taxation to raise revenue in order to provide public goods. Explain how government uses taxation and government spending to stabilize the economy. Describe the role of the Federal Reserve in stabilizing the economy.


Day 1: Government Revenue and Spending



Day 2: Government Revenue and Spending

o Read “Objectives” and “Key Terms” on pages 428 and 434. o Read Chapter 14, sections 3 and 4, pages 428-438 and complete the following:


Day 3: Using Fiscal Policy o Read “Concept Review”, “Chapter 15 Key Concept” and “Why The Concept Matters” on page 445. o Read “Objectives” and “Key Terms” on pages 446, 454 and 462. o Read Chapter 15, sections 1-3, pages 446-466 and complete the following:


Day 4: The Federal Reserve and Monetary Policy o Read “Concept Review”, “Chapter 16 Key Concept” and “Why The Concept Matters” on page 473. o Read “Objectives” and “Key Terms” on pages 474, 480, 490 and 498. o Read Chapter 3, sections 1-4, pages 474-502 and complete the following:








ASSIGNMENTS FOR WEEK #8: Unit 7: The Global Economy Enduring Understanding: As the economy becomes more globalized, our economy is more dependent on other countries. Essential Question(s): Explain the issues and institutions related to international trade and economic development.


Day 1: International Trade



Day 2: International Trade o Read “Objectives” and “Key Terms” on pages 526 and 532. o Read Chapter 17, sections 3 and 4, pages 526-536 and complete the following:


Day 3: Issues of Economical Development o Read “Concept Review”, “Chapter 18 Key Concept” and “Why The Concept Matters” on page 543. o Read “Objectives” and “Key Terms” on pages 544 and 552. o Read Chapter 18, sections 1 and 2, pages 544-560 and complete the following:


Day 4: Issues of Economical Development o Read “Objectives” and “Key Terms” on pages 562. o Read Chapter 18, section 3, pages 562-568 and complete the following:







WEEKS #9 and #10: SUMMATIVE ASSESSMENT: PROJECT BASED LEARNING (PBL)/SERVICE LEARNING

In these two weeks, you will complete your summative assessment. This project is intended to help you incorporate and apply the things you have learned about in the course. Your teacher may direct you complete a Service Learning Project in conjunction with this activity.

1. Outline task. You will begin by selecting a project to work on. If your teacher has not assigned a Service Learning Project, you are to choose ONE project from below and complete a graphic organizer for it.

2. Conduct research. You will need to gather and evaluate information about the problem from a variety of sources 3. Complete final project. Once you have complete all of your research, you should organize your final project as

directed in the instructions for the project you have selected. 4. Present findings. You should prepare to explain your findings to your teacher and how they relate to topics discussed

during this course.

SUMMATIVE ASSESSMENT FOR ECONOMICS PROJECT BASED LEARNING (PBL)/SERVICE LEARNING

Process Steps Points Activity Description Product

1. Outline Task

10

In this step the student will identify the steps needed to complete the process for the task they have chosen. They will use a graphic organizer (flow chart as seen on p. 161 or chart as attached if doing the Mixed Economy Report).

Graphic Organizer

2. Conduct Research

25

In this step the student will conduct their in-depth research. They should be sure to include the items specified in the instructions in their Student IG. Detailed instructions are given in their textbook if they are working on an “Economics Workshop in Action” project.

Research Notes

3. Complete Final Project

35

In this step the student will conduct their final research

for the project they have selected. They should use a

variety of resources, including media sources, printed

material, the Internet, and individuals with special

knowledge related to the project. Their findings should be

organized according to the parameters outlined in the

Student IG and on the corresponding pages in the

textbook (if the student has selected an “Economics

Workshop in Action” project.

Manual

OR

Report

OR

PowerPoint

4. Present Findings 10

They should organize the information recorded and

present it to you for review. Oral Presentation

WEEKS 9 & 10: POINTS EARNED

(80 Possible)

Assignment Chosen:



GRAPHIC ORGANIZER FOR MIXED ECONOMIES PROJECT

You will recall that the way a society answers the three basic economic questions of WHAT to produce, HOW to produce, and

FOR WHOM to produce determines their type of economic system. Today, most countries have a mixed economy. Review the

types of economic systems you have discussed using the chart below.

TYPES OF ECONOMIES

QUESTIONS TRADITIONAL MARKET COMMAND MIXED

Who makes the

economic decisions?

“What” gets

produced?

“How” is it produced”

Who gets to consume

what is produced?

Are entrepreneurs

encouraged?

What motivates work

in this economy?

Is change encouraged?



MIXED ECONOMIES PROJECT

Most nations today have mixed economies. Choose TWO nations-one that you believe to be mostly

market economy and the other mostly command market. The countries cannot be the United States.

Conduct research to learn more about each nation’s economy. There are some suggested websites listed

below. As you conduct your research, answer the questions below for both countries. A works cited page

is required.

1. Where is each located (geographic location/continent or region of the world)? 2. What is the population? 3. Rank in world population. 4. What percent of the population has access to health care? 5. Life expectancy (in years). What do #4 and #5 suggest about this country? 6. Literacy rate. 7. Unemployment rate. 8. Rank in world by unemployment rate. 9. Population below poverty line. 10. Percentage of population that lives in rural areas. 11. Gross Domestic Product (Purchasing Power Parity). 12. GDP per Capita. 13. GDP per Capita World Rank. 14. Total exports (in US Dollars). 15. Three primary exports from your country (commodities). What does this tell you about this

country? 16. Total imports (in US Dollars). 17. Three primary imports to your country (commodities). What does this tell you about this

country? 18. 3-4 major trading partners (countries). 19. What percent of the population has access to electricity? What does this tell you about

this country? 20. What percentage of the population completes high school? Has a college degree? 21. What percentage of the people owns their own home? 22. How easy would it be for you to start your own business? 23. What is the tax rate for individuals (income tax)? Businesses?

SOURCES:

World Bank Economic Indicator Data CIA World FactBook World Bank’s Ease of Doing Business Rankings



MIXED ECONOMIES PROJECT ANALYSIS: Based on your research, where would you place your selected countries on the continuum of

mixed economies? What proof can you offer to support your decision? Use the following directions to

complete a PowerPoint presentation, poster, or portfolio to present your decision and the information

you used to reach your conclusions. If you choose to create a portfolio, each slide corresponds to a page.

For posters, each slide will correspond to a section of the poster board.

Slide 1: Cover Page-Include your name, the two countries explored, and the date.

Slide 2: Identify the types of economies you believe your countries possess. Place them on the

continuum of mixed economies. (Are they more market or more command?-Display visually)

Slide 3-5: Identify at least three reasons for the country you believed to be mostly market. Be prepared

to explain why you chose these three statistics/facts.

Slides 6-8: Do the same thing for the country you believed to be mostly command.

Slide 9: Based on your analysis of these two countries, which would you prefer to live in as an

entrepreneur? Why?

Slide 10: Highlight at least three economic strengths of the country you prefer. At least one of these facts

must be “new” or not included in previous slides.

Slide 11: Reveal at least three economic weaknesses of this country. At least one of these facts must not

have been included in previous slides.

Slide 12: Include your “Works Cited” information in proper bibliographic form.



GRAPHIC ORGANIZER FOR ESSENTIAL QUESTION

Historical Context:

Thesis: (Incorporate the Essential Question)

Main Idea

Topic Sentence

Supporting Evidence

Supporting Evidence

Analysis

Concluding Sentence

Main Idea Topic Sentence

Supporting Evidence

Supporting Evidence

Analysis

Concluding Sentence

Main Idea Topic Sentence

Supporting Evidence

Supporting Evidence

Analysis

Concluding Sentence

Restate Thesis

Review Main Points

Final Thoughts



CUMULATIVE POINTS FOR COURSE: ECONOMICS

UNIT OF STUDY POSSIBLE POINTS

POINTS EARNED PERCENT/GRADE

WEEK 1 Unit 1

15

WEEK 2 Unit 2 – Part 1

15

WEEK 3 Unit 2 – Part 2

15

WEEK 4 Unit 3

15

WEEK 5 Unit 4

15

WEEK 6 Unit 5

15

WEEK 7 Unit 6

15

WEEK 8 Unit 7

15

WEEKS 9 & 10 Summative Assessment

80

TOTAL POINTS 200

FINAL GRADE

City Of Angels School - Independent Study-Los …...City of Angeles School Independent Study-Los...

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